The production of textiles, wearing apparel, and leather products in Spain stood at 19.16 billion Euros in 2023. Over the past decade, the sector experienced steady growth until a significant dip in 2020 due to the COVID-19 pandemic, after which it rebounded in 2021, followed by slight declines. The recent year-on-year decrease from 2022 to 2023 was -0.46%, with a five-year CAGR of -0.46%. Forecasts suggest a gradual decline in production, with a five-year CAGR of -0.39% and a forecasted growth rate of -1.92% by 2028.

Future trends to watch for include:

Technological advancements in textile manufacturing to improve efficiency and sustainability.
Shifts in consumer demand towards sustainable and ethically produced apparel.
The impact of global trade policies and economic conditions on export demand.